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Commerce and Economy

Japan to help reconstruction of school buildings in two districts

By Our Reporter Japan government is extending financial assistance of 495,197 US dollars to Shanti Volunteer Association (SVA) under the Grant Assistance for Japanese NGO Projects Scheme. Shanti Volunteer Association, an international NGO based in Japan, will work with a Nepalese partner NGO, Community and Rural Development Society Nepal (CARDSN), …

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Sunrise Bank in Damak

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By Our Reporter Sunrise Bank Ltd has opened its Damak Branch at the Gorkha Departmental Store in Ward No 10 of Damak city in Jhapa. The Branch was jointly inaugurated by RajendraDhakal, president,DamakChmber of Industry and Commerce and Apach Kumar Yadav, Bank’s deputy general manager amidst a function on 28 …

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Himalaya Airline’s Yangon flight launched

Himalaya Airlines on Friday launched scheduled commercial flights to Yangon, Myanmar. The airline said the flight to Myanmar is part of their initiative to strengthen direct connections with around 3,00,000 people of Nepali origin residing there. The flight took off from Tribhuvan International Airport at 10:55 (local time) and touched …

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NIBL marks 30th anniversary

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By Our Reporter Nepal Investment Bank observed its 30th anniversary amidst a function. The Bank has established a record for being decorated with the prestigious international award “Bank of the Year” for the fifth time. Recently, the Financial Times in London had awarded the Bank with the award. The Bank …

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Annapurna cable car to be financed by sunrise and RBB

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Annapurna Cable car to be constructed in Sarangkot of Kaski has obtained a consortium loan under the headship of Sunrise Bank. The cable car project which is ought to be 2.3 kilometres long will be jointly financed by Sunrise Bank and Rastriya Banijya Bank (RBB). The project is being constructed …

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NIC Asia Capital receives license from Sebon

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NIC Asia Capital Ltd, a subsidiary of NIC Asia Bank Ltd, has received license from Security Exchange Board of Nepal (Sebon) to operate as a merchant bank. According to a statement, NIC Asia Capital Ltd can now provide issue management, registrar to shares, underwriting and portfolio management services. “NIC Asia …

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Nepal-Israel Chamber of Commerce set up

By Our Reporter Nepal-Israel Chamber of Commerce has been established to promote the economic activities as trade and investment between Nepal and Israel. Inaugurating the programme organized to announce the establishment of the Chamber, Foreign Minister DrPrakashSharanMahat said the assistance Israel provided to Nepal during the rescue and rehabilitation and …

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Infrastructure Summit 2017 concludes

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By Our Reporter Nepal Infrastructure Summit 2017 concluded here Monday stressing need for creating a better investment environment by formulating favourable policies and reforming the existing policies. The two-day summit, organised by Confederation of Nepalese Industries (CNI) in partnership with the government and other organisations brought together nearly 500 participants, …

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Japan funded community road in Ilam

By Our Reporter A community road constructed in Sakhejung, Ilam District with the support of the Japan government has been inaugurated amidst a function held in Sakhejung, Ilam on 21 February. The function was attended by Shinya Machida, Deputy Chief of Mission of Japan to Nepal, as well as Jhala …

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